The Government of India has introduced the PM Vishwakarma Yojana for the financially weaker sections of society where the beneficiaries can get a Rs. 1 lakh loan without any collateral in the first phase and Rs. 2 lakhs in the second phase. The interest rate of the loan will be as low as 5% annually. Also, the PM Vishwakarma Yojana offers skill training to the beneficiaries and Rs. 500 will be paid as the stipend during training. Rs. 15000 will be provided to buy the tools and kits. The loan tenure will be 18 months for the first phase and 30 months for the second phase. Additionally, on every digital transaction (up to 100 transactions per month), beneficiaries will get incentives of Re.1.
What is PM Vishwakarma Yojana?
The PM Vishwakarma Yojana was introduced by the Government of India and Finance Minister Smt. Nirmala Sitharaman announced it. The full name of the scheme is PM Vishwakarma Kaushal Samman Yojana. People know the scheme with various other names such as PM Vikas Yojana or PM Vishwakarma Yojana of Pradhan Mantri Vishwakarma Yojana. It was passed from the union cabinet on 16th August 2023 and officially launched on 17th September 2023. The main objective of the yojana is to provide financial support to artists, craftsmen, and small business owners and allow them to grow their businesses.
The Government of India has allocated Rs. 13,000 crore for this scheme. The yojana offers loans up to Rs. 1 lakh at a 5% interest rate to the artists and craftsmen to expand their work. Once they repay their loan, they will be eligible for the second phase of the loan where they can get up to Rs. 2 lakh at a 5% interest rate. Along with the loan, the beneficiaries get various other benefits such as skill training per day, a stipend of Rs. 500 per day during training, and Rs. 15000 to buy tools.
The beneficiaries get the PM Vishwakarma certificate and ID card for their identification. 18 traditional trades are covered under the scheme. Painters are not included in the eligibility list of the yojana.
PM Vishwakarma Scheme Information & Highlights
| Name of the Scheme | PM Vishwakarma Yojana |
| Launch date | 17th September 2023 |
| Benefits | Collateral-free loan for up to Rs. 1 lakh and 2 lakh Interest rate – 5%Per day stipend – Rs. 500Support for buying tools – Rs. 15000Re.1 incentive for every digital transaction |
| Beneficiaries | Artists and Craftsmen |
| Official Portal | https://pmvishwakarma.gov.in/ |
| Nodal department | https://msme.gov.in/ |
| Application mode | Online at https://pmvishwakarma.gov.in/CSC centers |
Benefits of PM Vishwakarma Yojana Login And Apply
The benefits of PM Vishwakarma include:
- The eligible candidates will get a loan of up to Rs. 1 lakh in the first phase at a 5% interest rate.
- In the second phase, candidates will get a loan of up to 2 lakhs at a 5% interest rate.
- The Yojana also offers training programs for the beneficiaries to polish their skills.
- Rs. 500 will be given as a stipend per day during the training period.
- If the beneficiary wishes to buy tools, he will be provided Rs. 15000.
- Also, the candidates will get an ID card and a PM Vishwakarma certificate.
- Loan tenure for Rs. 1 lakh will be 18 months and 30 months for Rs. 2 lakh loan.
- On every digital transaction, the beneficiary will get Re.1 incentive but it will be provided for up to 100 transactions monthly.
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Eligibility criteria for PM Vishwakarma Yojana Online Apply 2025
The eligibility criteria for apllying in PM Vishwakarma scheme is mentioned below:
- The applicant must be a resident of India.
- Only artisans and craftsmen are eligible to apply.
- The applicant’s age should be above 18 years during registration.
- Only 1 member of a family can apply.
Who is not-eligible to apply in PM Vishwakarma Scheme ?
If you are getting benefits from PMEGP, PM SVANidhi, or the Mudra Loan scheme, you are not eligible to apply for PM Vishwakarma Yojana. Additionally, government employees and their family members cannot apply.
Which trades are eligible for PM Vishwakarma Yojana in 2024&25? | PM Vishwakarma 18 Trade List Details
The list of eligible trades under PM Vishwakarma are:
- Fishnet makers
- Tailor
- Washerman
- Garland Maker
- Barber
- Doll and Toymaker
- Basket/Mate/Broom maker or coil waiver
- Mason
- Cobbler/foot artisan
- Potter
- Sculptor
- Goldsmith
- Locksmith
- Blacksmith
- Hammer and tool kit maker
- Armour
- Boat Maker
- Carpenter
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Documents Required for Applying in PM Vishwakarma Yojana
The documents required for PM Vishwakarma are:
- Aadhar card
- Voter ID card
- Occupation proof
- Mobile number
- Bank details
- Income certificate
- Cast certificate (If applicable)
How to Apply for PM Vishwakarma Yojana 2024?
The steps to apply for PM Vishwakarma Yojana are mentioned below:
- Go to PM Vishwakarma online official portal at https://pmvishwakarma.gov.in/
- You will get the option for “Registration”. Press on it and register using your mobile number and Aadhaar card number.
- You will get an OTP on your mobile number for verification. Enter this OTP in the space provided.
- After verification, You will see a registration form on your screen.
- Enter the required details in the form such as address, name, trade details, etc.
- Press “Submit” and download the PM Vishwakarma ID and certificate.
- Here, you need to do PM Vishwakarma Yojana login
- Upload the required documents and Submit the form
- Once your form is submitted, officials will verify it.
- The beneficiaries will get the loan amount in the bank account directly. Commercial banks, Regional rural banks, and other financial institutions will be used.
If you are not comfortable filling in online, you can visit the nearest CSC center with all the documents to apply for the PM Vishwakarma Yojana. The Yojana application is free of cost.
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Customer Care Number
If you are facing any issues or want to ask any query regarding PM Vishwakarma helpline number, you can reach out to the the customer care:
18002677777, 17923 or 011-23061574
FAQS
What are the benefits of PM Vishwakarma Yojana?
PM Vishwakarma offers various benefits such as collateral-free loans up to Rs. 1 lakh and 2 Lakhs at a 5% interest rate. Skill training and daily stipend, Rs. 15000 for buying tools.
What is the application process for PM Vishwakarma Yojana?
You can apply for the PM Vishwakarma Yojana online or you can visit the CSC center to apply.
Are there any fees to apply for the PM Vishwakarma Yojana?
No, you are not required to pay any application fees. It is free of cost.
What is the age of the eligible applicants to apply for PM Vishwakarma Yojana?
Artists and craftsmen are eligible to apply for this scheme. The applicants must be Indian citizens and must be above 18 years of age.
I am a painter or small trader, can I apply for PM Vishwakarma Yojana?
No, painters or any small trader are not-eligible to apply in the PM Vishwakarma scheme.
